Get 2024 Form 592-b Resident And Nonresident Withholding Tax Statement With Instructions. 2024, Form

This guide provides comprehensive instructions on how to complete the 2024 Form 592-B, Resident And Nonresident Withholding Tax Statement. Designed for both residents and nonresidents, this form is essential for reporting payment amounts subject to withholding tax in California.

Follow the steps to successfully fill out the form.

1. Use the ‘Get Form’ button to access the 2024 Form 592-B and open it in an editor on your device.
2. In Part I, enter the withholding agent information. This includes the name, taxpayer identification number (SSN, ITIN, FEIN, or California corporation number), address, city, state, ZIP code, and daytime telephone number.
3. In Part II, provide the payee information. Fill in the payee’s name, taxpayer identification number, and address. If applicable, include the SSN or FEIN for trusts, stating the grantor’s details if it’s a grantor trust.
4. Move to Part III and check the boxes corresponding to the type of income subject to withholding, which may include payments to independent contractors or distributions to partners.
5. In Part IV, enter the amounts for tax withheld. Line 1 is for total income subject to withholding, Line 2 is for total tax withheld (excluding backup withholding), and Line 3 is for total backup withholding, if applicable.
6. Review all entries for accuracy and ensure that each applicable field is completed. Deficient or incorrect information can lead to penalties.
7. After completing the form, save your changes. You can then choose to download, print, or share the form as necessary.

Complete your documents online today to ensure compliance and avoid penalties.